Twitter shares slide following ‘problematic’ Donald Trump ban January 11, 2021 Twitter’s shares went into reverse this morning following the social media site’s decision to ban US President Donald Trump. The platform permanently suspended the president’s account over the weekend, stating that there was a risk of further incitement of violence following riots at the Capitol last week. “After close review of recent Tweets from the [...]
The City is stepping up to offer mental health support January 11, 2021 The start of 2021 brings hope that this year will be a more positive one but there is no denying that the next few months will be tough as we deal with the national lockdown brought in by the Government to control the spread of COVID-19. So many of us are already feeling isolated and [...]
Regulator urges firms ‘don’t delay’ as the end is nigh for Libor January 11, 2021 The Financial Conduct Authority (FCA) has again reminded firms they must complete their transfer away from the Libor benchmark interest rate this year. The city watchdog said firms had just one year left to remove their remaining reliance on these benchmarks. Libor, or the London Interbank Offered Rate, is an interest rate benchmark used in [...]
Software firm NCR makes $1.7bn bid for Cardtronics January 11, 2021 Software firm NCR has offered to buy cash machine operator Cardtronics for around $1.7bn (£1.3bn), it was announced today. The company, which provides technology for the financial, retail and hospitality industries, has offered $39 per share for Cardtronics. The bid comes weeks after it was reported that the latter firm had agreed to a $35 [...]
British Land ‘bruised but not broken’ despite collecting less than half of rent from UK retailers January 11, 2021 British Land will emerge from the pandemic intact despite collecting less than half the rent it is owed for December, according to a City analyst.
Bitcoin sees major retrace January 11, 2021 Crypto at a Glance After the parabolic excitement of last week, it was back down to Earth with a bang last night for bitcoin fans – albeit somewhat predictably. The leading cryptocurrency by market cap dropped more than $7,000 in a matter of hours – a fall that was echoed across the space, as many alt [...]
Ocado sounds alarm on product availability as supermarket shelves stand empty January 11, 2021 Ocado has warned that the availability of some products is being impacted by coronavirus-related staff absences in its supply chain. With more staff off sick or forced to isolate some grocery suppliers are having to consolidate their lines. “Staff absences across the supply chain may lead to an increase in product substitutions for a small [...]
Prince Charles urges business to back new ‘Earth Charter’ January 11, 2021 Prince Charles will today urge the private sector to sign up to the “Terra Carta”, a new environmental pledge to protect the natural world. The “Earth charter”, which takes its name from the Magna Carta, has already been signed by dozens of high profile businesses. These include Astrazeneca, Bank of America, EY, Unilever, and Blackrock, [...]
New year, same lockdown: UK shopping trips fall 27 per cent in first week of January January 11, 2021 New year, same lockdown: UK shopper numbers fall 27 per cent in first week of January
FTSE 100 falls back as extra restrictions mulled January 11, 2021 The FTSE 100 fell back slightly this morning as reports that the government is mulling further restrictions pressed on the markets. London’s premier index fell 0.5 per cent by mid morning to stand at 6,838 points after a rapid start to the year last week. In the first week of trading, the bourse picked up [...]
